- Ford F-150 Lightning leases worth has hit a brand new low.
- The electrical truck’s month-to-month cost is now decrease than the hybrid Maverick.
- There’s additionally a 0% APR financing possibility, so you have got a couple of technique to drive dwelling an F-150 Lightning with out breaking the financial institution.
If you happen to suppose electrical vehicles are exorbitant and unobtainable, nicely… suppose once more.
Certain, the very best lease and financing offers are principally for crossovers and mid-size SUVs. The Nissan Ariya and Hyundai Ioniq 5 have persistently topped that record. However Ford simply dropped a bombshell of a lease deal on the F-150 Lightning and it now prices lower than your wildest guess.
Now you can lease a 2024 F-150 Lightning XLT Commonplace Vary for simply $339 per thirty days for 36 months, with $6,629 due at signing, in keeping with Ford’s web site. Which means Ford has halved the lease costs from final month when the F-150 Lightning price over $700 per thirty days to lease.
It now prices nearly the identical because the Mustang Mach-E to lease and its month-to-month cost is even decrease than the hybrid Maverick, which prices about $400 per thirty days to lease. (Though it is downpayment is way decrease, however you get the purpose, proper?) It is value noting that lease costs differ regionally and you could have to enter your zip code to seek out extra correct choices.
The XLT Commonplace Vary has an MSRP of $63,000 earlier than incentives, taxes and costs. Its 98 kilowatt-hour battery delivers 240 miles of EPA-estimated vary. It comes with commonplace all-wheel drive and a mixed output of 452 horsepower and 775 pound-feet of torque.
In fact, you may lease greater trim ranges and the Prolonged Vary battery pack with 320 miles of EPA-estimated vary, however these will price extra. It is best to examine together with your nearest seller for correct costs on these. And it’s also possible to finance one for 0% APR for 60 months.
Ford can also be providing a complimentary Stage 2 dwelling charger and commonplace set up if you purchase or lease a Mach-E or a Lightning, in order that makes this supply much more particular. The free chargers can be found by June 2025.
This is identical complimentary charging program Ford introduced again in September to deal with charging anxieties, that are an enormous barrier to broader EV adoption. Residence chargers with set up can price hundreds of {dollars}, relying in your location. Plus 80% of EV charging occurs at dwelling, in keeping with the U.S. Division of Power, so it is sensible when EVs are bundled with chargers similar to our computer systems.
Nonetheless, to make the most of the lease supply, you could have to make a transfer earlier than the top of the 12 months. Consumers have till Jan. 1, 2025, to take supply from a certified seller’s stock.
Ford dealerships have been struggling to get these off the tons, which doubtless led Ford to halt its manufacturing for seven weeks beginning mid-November to January. Ford additionally beforehand scaled again its manufacturing targets and slashed two-thirds of the workforce on the Rouge Electrical Automobile Middle in Michigan the place the truck is manufactured.
Keep in mind, this is identical EV that was, till not too long ago, the best-selling electrical truck within the U.S. Now, nevertheless, it is dealing with rising competitors from the Tesla Cybertruck, which has turn out to be America’s top-selling electrical truck and the third best-selling EV total.
Nonetheless, the F-150 Lightning has earned rave opinions and isn’t precisely struggling—its gross sales have been up 86% year-over-year within the third quarter. It’s simply that demand hasn’t matched Ford’s preliminary expectations.
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